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The intellectual property rights to The Lord of the Rings and The Hobbit are going to be acquired by a video game conglomerate.
The rights to motion pictures, video games, board games, and other things were acquired by Middle-earth Enterprises back in the 70s. Peter Jackson's Oscar-winning movies were made using licenses from Middle-earth Enterprises.
The price was not made public. The heirs of J.R.R. Tolkien, the author of The Lord of the Rings, have the book rights to their estate. I believe that the rights to some of the works in The Lord of the Rings are retained by the estate. This material can be found in the appendix of The Lord of the Rings.
Video games might have more potential than movies. Middle-earth Enterprises, a division of The Saul Zaentz Company, which owns a vast intellectual property catalogue and worldwide rights to motion pictures, video games, board games, has been acquired by Sweden's Embracer Group through its wholly owned subsidiary Freemode.
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Register HereThe Lord of the Rings and The Hobbit, one of the world's most epic fantasy franchises, are joining the Embracer family. I am excited to see what the future holds for the Freemode and Asmodee intellectual property. We are looking forward to collaborating with both existing and new external licensees.
The property will be part of Embracer Freemode.
We are confident that the group will take it to new heights and keep in touch with the spirit of these great literary works after Embracer took up the responsibility.
The company was founded in 1976. It used to be a film production company that produced award-winning films.
The print publication rights to J.R.R. Tolkien are held by the heirs and estate of the author. The Saul Zaentz Company first acquired the rights to The Lord of the Rings in 1976, in an arrangement with United Artists to make an animated version of the novel.
The film was released in 1978 and has become a cult classic, but not for everyone. New Line Cinema was licensed by The Saul Zaentz Company in 1998 to show Peter Jackson's live-action trilogy. The movies have made over six billion dollars at the box office.
A wide variety of successful video games, board games, stage productions and merchandise based on The Lord of the Rings have been licensed by The Saul Zaentz Company.
Since the release of The Lord of the Rings board game over 20 years ago, the Asmodee Group has published over a dozen games with over 100 expansions.
The Amazon series The Lord of the Rings: Rings of Power is set thousands of years before The Lord of the Rings and will premiere on September 2.
Additional movies based on characters from the books of J.R.R. Tolkien can be explored, as well as new opportunities for fans to explore this world.
The acquisition of the rights is in line with the strategy of the company. The Lord of the Rings and The Hobbit are two of the most enduring and popular entertainment franchises.
Middle-earth enterprises will be a part of the group. Middle-earth Enterprises leadership team will continue to operate the company independently, working closely with Embracer Freemode management to foster opportunities, growth and synergies within the group to continue to build and expand the great franchise.
Due to commercial reasons, the parties have agreed not to give any details of the transaction.
Skadden, Arps, Slate, Meagher & Flom is a law firm. Arnold & Porter acted as a legal advisor and the investment bank acted as an investment bank.
Saul Zaentz was the owner of the worldwide film, stage, and merchandise rights to The Lord of the Rings. Matching rights should be included in The Silmarillion or The Unfinished Tales of Numenor and Middle-earth, for example. The rights for television shows were not included.
United Artists purchased the rights to The Lord of the Rings and The Hobbit from Zaentz eight years before. A version of The Lord of the Rings was made in 1978.
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